Housing in Memphis, Tennessee
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| Median Home Age | 43.1 | 35.1 |
| Median Home Cost | $57,500 | $153,800 |
| Home Appreciation | -0.68% | 1.62% |
| Homes Owned | 44.50% | 57.69% |
| Housing Vacant | 14.23% | 11.38% |
| Homes Rented | 41.27% | 30.93% |
| Property Tax Rate | $11.46 | $11.20 |
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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| Less Than $20,000 | 2.01% | 2.72% |
| $20,000 to $39,999 | 6.92% | 4.03% |
| $40,000 to $59,999 | 24.68% | 5.58% |
| $60,000 to $79,999 | 19.88% | 7.09% |
| $80,000 to $99,999 | 13.09% | 8.80% |
| $100,000 to $149,999 | 15.80% | 21.26% |
| $150,000 to $199,999 | 7.73% | 14.87% |
| $200,000 to $299,999 | 5.79% | 16.82% |
| $300,000 to $399,999 | 2.09% | 7.83% |
| $400,000 to $499,999 | 0.80% | 4.04% |
| $500,000 to $749,999 | 0.81% | 4.05% |
| $750,000 to $999,999 | 0.41% | 1.26% |
| $1,000,000 or more | 0.01% | 1.64% |
HOUSING UNITS BY YEAR STRUCTURE BUILT
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| 1999 to 2005 | 5.98% | 13.71% |
| 1995 to 1998 | 6.69% | 14.31% |
| 1990 to 1994 | 6.69% | 14.31% |
| 1980 to 1989 | 12.50% | 13.87% |
| 1970 to 1979 | 19.82% | 16.17% |
| 1960 to 1969 | 17.97% | 11.70% |
| 1950 to 1959 | 19.31% | 11.08% |
| 1940 to 1949 | 8.83% | 6.02% |
| 1939 or Earlier | 8.90% | 13.15% |
The median home value in Memphis, TN, is $57,500. Home appreciation is -0.68% over the last year. The median age of Memphis, TN, real estate is 43 years.
Memphis, TN Apartments and Rentals
Renters make up 41.27% of the Memphis, TN, population. 14.23% of houses and apartments in Memphis, TN, are unoccupied (vacancy rate).
Memphis Housing SperlingViews
re: Great - 11/1/2007: Sure, we are on the move with our added attractions; However, that is "one side of the coin", what about the other side such as the growing crime rate here...what sane... (read more)Great: Memphis offers a lot of great things. We have our Memphis Symphony Orchestra, Orpheum Theater that host Broadway hits, the FedEx Forum that is home to the Memphis... (read more)Great place to relocate or retire: Tennessee has one of the lowest tax rates in the country. Memphis has the lowest cost of living of any big city in the country; has abundant aquafier water and is... (read more)Have an opinion about Memphis? Leave a commentTo See All SperlingViews for Memphis Click Here
